The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-04-28
THE BOOM GETS BIGGER
The Number of Transfers Continues to
Grow and Prices Go On Advancing.
Thirty One Deeds for Sales Aggregating $685.
1872 Recorded Yesterday-Real Estate
Being Taken Off the Market.

Have you bought anything to-dayV' is the
question one hears on the streets and about the
public buildings many times during the day.
Few persons who have money staying out of
the real-estate deal the most conservative &C.
knowledge that property bought now is the best
investment man can make. Prices are not IL
fated, and it is the determination of the bust
ness men that, if they control the market,
they shall not be- Inquiry of several persons
who recorded deeds yesterday reveals the fact
that more than half the transfers are for cash.
In only few instances is less than half the
amount paid down. Several days ago the Top
ton" idea took hold of great many people. but
it has met with decided disfavor from all sides.
Legitimate sales are about all the kind that 60,
and persons who want to secure options" on
property are almost invariably told that the only
way to get chance on property is to pay at least
one-half down and furnish good security for the
balance.
Every day brings advance in property.
pecialy outlets. .'The buyers exceed the sell
ers by one-haf." said a real estate man. last
evening IF all the offers made to-day had
been taken up the transfers would have amounted
to $500. 000 Men who wanted to sell property
two weeks ago can't be touched now at any
price. Three weeks ago we had any amount of
property in our hands that we couldn't sell. 1t
is in demand now, but nearly all the owners
have come to the conclusion that they do not
want to sell for a while, and have taken the
property out of our hands About the only way
we can get hold of property now on which to
speculate is to buy it outright, and that is what
we are doing"
As an illustration of what advance there
has been: prominent citizen has a lot OF Col
lege avenue that he wanted one of the real es-
tate firms to sell, month ago, for 5000. On
Tuesday he offered $1,000 for the lot. and
refused it. Yesterday morning another buyer
came along and offered him 81, 100 but he still
refused What will you take!' asked the real
estate agent. Twelve hundred dollars" An
hour later the real estate agent hunted him up
with purchaser at the amount stipulated. He
again backed out, and says hewill not set anoth-
err price.
County Recorder Keay and his clerks did not
have time to look up from their work yesterday.
On Tuesday, when the conveyances mum bered
twenty-five and the consideration amounted to
over $4,000 it was regarded as bic day. but
when thirty one deeds had been recorded yester
day, with total consideration of 1863. 1892 it was
the unanimous opinion about the Office that the
boom was booming. The transfers were as fol-
lows: Eel
Jno. c. New. executor. to VIM. Il: Cole
lots 5, A., D, u. z 81. So, "a, So
and So in square 16, in Beatys add
ton to Indianapolis $l ,OOOOO
George 6. Hit and wife to VIM. H. Cole
man. lots and 6. in square 16, IN
Beatys addition to Indianapolis. 1850 10000
John Stenbouar to VIM. ii. Coleman
lots and 4, in square 16, in Beatys
addition to Indianapolis 26O.OO
Harry j. Milhgan trustee. to Martin s..
Robinson. lots and 4. in square ~. in
SA. Fletcher, jr.s, northeast addition
Martin s Robinson to Lewis p Robinson,
same lots above. lo4OO
VIM Wallace receiver to James Peden.
lot 66, in Clifford Place, addition to
LYDIA aa'i Plaammer executrx to Henry Sell 00'
le,s. part Of the northeast quarter of
section Is. township is north, OF range
east, containing 3612 acres 100000
VIM. r. Abbey and wife to Benz. f. Craw-
ford and VIM. H. Taylor. lots 4, and
|. g. in d. B. Fatout's subdivision of lots
l to IL, inclusive, in Blake & Rays
subdivision of outlet 1S, west of White
river in Indianapolis .....--..-.--. $4,000
Henry karbo Barbara karibo lots 3 s-s@
and in block 1888 in Brightwood - 10000
Louis J. Pfafflin to Harry S. Gait. lots 23
and %, in L. J. Pfafiins subdivision,
in Holiness Westend addition to
Mary n E. Green ire and husband to VIM. F. O'N0
I Lander, part of lot 1O2, in Youngs
subdivision of outlet 81, in Indianapo
Daniel NJ. Ransdell and wife Lorenz
Schmidt part of lot 20, in Goldsber-
ryss subdivision of outlets 10 and ~,
in Indianapolis 10000
! White, part of lots 2O9. 21O, I'll and
| 212, in Mobiles subdivision of outlor As,
Harry ar rnI j. Msan trustee. to Charles q.
Ostermeyer, lot SO. in Windsor Place,
an addition to Indianapolis 10000
! George Avery and wife to Phoebe Feather
| ston, lots and %, in Hosbrook- 100000
| Addison l.. Roache and wife to Hattie
| Manning. lots and 7, in block IA, in
| josiah Russell and wife to Wesley Allen,
lot II in Pleasant Bonds addition to
Harry j. Milligan, trustee, to Minnie NJ
addition to Indianapolis. ...-..-.-,- 1880
! The Massachusetts Mutual Life Insur-
Company to Samuel +. Galloway,
lot l in Roots subdivision of square 81,
MurE.y lot any I in VIM " g~ Morrisons e5
third addition to Indianapolis !, 200. 90
| Christopher Hickman and wife to Agnes
r. Rankin Ell al. lot 100 in Allen 81
Roots north addition to Indianapolis $4,000
| Wilhelm Rolling and wife to Henry
| Schakel, part of the northeast quarter
of section Is, township 10 north, of
Citizens National Bank to William W.
Deeter. lots s, and 10 in the Citizens'
National Banks subdivision of part of
lots Is and IA in Johnsons heirs addi-
ton to Indianapolis. 10000
\ David V. Burns and wife to Uriah NJ.
Challe and wife. lot A in David V.
Burns resubdivsion, in Indianapolis. 625.OO
| f. III. Churchman ct al. to VIM l.. lay
lor and Joseph A. Moore, lots 10 to "a.
lots 33 to AZ. lots II to 80 and lots SO
to 90, all inclusive in Bruce Place East
end addition to Indianapolis II, 600 90
Theophilus King ct al. TO Lou RI. Buck,
lot 2, in Geyers subdivision of Butter
| fields subdivision OF block % in John
sons heirs addition to Indianapolis 35OOO
Patrick Conlen and wife to Henry g.
Dockweiler, lot 8, in Woodruff Place 1,O0O.O 90
Henry III. Cook and wife to Henry q.
Dockweiler, lot 10, in Woodruff Place.. !, 1OO. 90
| Harry j. Mligan, trustee John l..
/ Wagner, lots z, g. 8, 10 and IL, in
square IL, of S. A. Fletcher. jr s north
east addition to Indianapolis ..-..- 100000
| Harry J. Miigan, trustee. to Chas s.
Lewis lots %, "a, 25, % q and %,
in square IL. in 5. A. Fletcher jr.'s
northeast addition to indianapolis. 200 90
! Thomas c. Hammond ct al. to Mary E.
Muehl. lots 60 and 20, in Allen &
Roots north addition to Indianapolis. $500 90
Conveyances, 81; consideration $63, 1872 90
The conveyances were nearly all of outlets.
The first important sale west of White river was
made yesterday, when Benz. F. Crawford and
William H. Taylor purchased three lots of VIM.
r. Abbey. in Blake and Rays subdivision fol
SIS. 800 There are many other desirable lots in
the same locality. and after the sale the price on
them was advanced. Many of the moneyed mer
are looking west OF the river as desirable local
ity for manufactures, and all the property &c